City and County of Denver - File #: 23-0217

• File #: 23-0217
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 2/27/2023
• In control: Finance & Governance Committee
• On agenda: 3/20/2023
• Final action: 3/20/2023
• Title: A resolution approving and evidencing the intention of the City and County of Denver, Colorado to issue an amount not to exceed $12,500,000 of Multifamily Housing Revenue Bonds for St. Francis Center West. Declares the intent of the City to issue an amount not to exceed $12.5 million of its Multifamily Housing Revenue Bonds for The Saint Francis Center, or its affiliates, to support the acquisition, construction, and equipping of a new 60-unit affordable multifamily apartment project known as the St. Francis Center West project, located at 211 North Federal Boulevard in Council District 3. The Committee approved filing this item at its meeting on 3-7-2023.
• Indexes: Lucas Palmisano

Date	Ver.	Action By	Action	Result
3/20/2023	1	Council President	signed
3/20/2023	1	City Council	adopted	Pass
3/7/2023	1	Finance & Governance Committee	approved by consent	Pass

Finance Item/Grant Request Template

Date Submitted: 3-6-2023

Requesting Agency: Finance
Division:

Subject Matter Expert Name: Michael Kerrigan
Email Address: Michael.Kerrigan@denvergov.org
Phone Number:

Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).

Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A resolution approving and evidencing the intention of the City and County of Denver, Colorado to issue an amount not to exceed $12,500,000 of Multifamily Housing Revenue Bonds for St. Francis Center West.
Declares the intent of the City to issue an amount not to exceed $12.5 million of its Multifamily Housing Revenue Bonds for The Saint Francis Center, or its affiliates, to support the acquisition, construction, and equipping of a new 60-unit affordable multifamily apartment project known as the St. Francis Center West project, located at 211 North Federal Boulevard in Council District 3. The Committee approved filing this item at its meeting on 3-7-2023.
body

Affected Council District(s) or citywide? 3

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.


The proposed resolution is being requested to evidence the City's intent to utilize a portion of the City's Private Activity Bond (PAB) Volume Cap Allocation to help finance affordable multifamily housing by The Saint Francis Center, or its affiliates, for the St. Francis Center West project located at 211 N. Federal Blvd., in Denver, Colorado. The PAB will be a part of the financing package for The Saint Francis Center, or its...